Hi and welcome to Arturia forums.
Software like Arturias come with plugins, that can be used in DAWs like Ableton Live an others.
Be sure the pluhgins is installed.
A DAW need to be set to read the path, where the plugins is installed. Be sure it does that.
When the above is correct, then the plugins will be availble to use in your DAW. Then you can use it, the way your DAW use them.
Beside that, then be sure to set up a audio interface for your DAW. The samplerate and buffer settings is important for the latency you get. How low your latency can get depend a lot on your CPU, but also on other things.
A samplerate setting at 44100 or 48000 Hz and a buffer at max 256 samples should work. If you can get a buffer at 128 samples, then that's good. Some use a buffer at 512 samples, but i think that's to much when playing. In mixing situations you can set much higher buffer to reduce the load on the CPU.
You need patience, time and practise to learn.
Ableton Live have help videos like this:
https://www.ableton.com/en/live/learn-live/The setup videos should help you on your first steps.
Other DAWs have similar. Please search the vendors websites for learning articles, manuals, and tutorials.
The MS GS wavetable synth you mention, is just microsoft Windows build in synth. You don't need it, and does'nt need to engage it in your DAW. Plugins like your Analog Lab will function like sound modules.
When you use Analog Lab in standalone mode (not using a DAW/ host), then the latency depend on your audio settings in Analog Lab. But as said, then the plugins use the settings in the DAW.
There are courses in this stuff out there, if you need it. It also took time for me to understand things like this. That's normal.
Hope this helps.
BTW: How do you record, if your plugins is'nt found in your DAW?
It could sound like you somehow do something complicated that might introduce a lot of latency.
